Analysts Anticipate SVB Financial Group (NASDAQ:SIVB) Will Post Earnings of $4.98 Per Share

Analysts expect SVB Financial Group (NASDAQ:SIVB) to announce earnings per share (EPS) of $4.98 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for SVB Financial Group’s earnings, with estimates ranging from $4.78 to $5.50. SVB Financial Group posted earnings of $4.42 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that SVB Financial Group will report full year earnings of $20.61 per share for the current fiscal year, with EPS estimates ranging from $19.77 to $22.53. For the next financial year, analysts forecast that the business will post earnings of $22.10 per share, with EPS estimates ranging from $20.74 to $23.98. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover SVB Financial Group.

SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, April 25th. The bank reported $5.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $0.71. The business had revenue of $793.26 million for the quarter, compared to analysts’ expectations of $744.49 million. SVB Financial Group had a return on equity of 20.83% and a net margin of 36.09%. During the same period in the previous year, the business posted $3.63 earnings per share.

Several analysts recently commented on SIVB shares. Maxim Group decreased their price target on SVB Financial Group to $325.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. BidaskClub raised SVB Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Bank of America set a $280.00 price target on SVB Financial Group and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. SVB Financial Group has an average rating of “Buy” and a consensus target price of $309.49.

In related news, insider Christopher Edmonds-Waters sold 204 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $256.01, for a total value of $52,226.04. Following the completion of the sale, the insider now owns 3,494 shares in the company, valued at $894,498.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Descheneaux sold 6,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $239.55, for a total value of $1,437,300.00. Following the completion of the sale, the insider now owns 23,811 shares of the company’s stock, valued at approximately $5,703,925.05. The disclosure for this sale can be found here. Insiders sold 9,183 shares of company stock valued at $2,213,623 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its holdings in shares of SVB Financial Group by 135.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 193 shares of the bank’s stock worth $37,000 after acquiring an additional 111 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of SVB Financial Group in the first quarter worth about $44,000. JOYN Advisors Inc. increased its holdings in shares of SVB Financial Group by 106.9% in the fourth quarter. JOYN Advisors Inc. now owns 271 shares of the bank’s stock worth $51,000 after acquiring an additional 140 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of SVB Financial Group by 245.3% in the fourth quarter. Resources Management Corp CT ADV now owns 328 shares of the bank’s stock worth $62,000 after acquiring an additional 233 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of SVB Financial Group by 27.3% in the first quarter. Parallel Advisors LLC now owns 312 shares of the bank’s stock worth $69,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

Shares of SIVB stock opened at $224.59 on Friday. The company has a fifty day moving average of $221.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.40 and a beta of 2.12. SVB Financial Group has a one year low of $177.70 and a one year high of $333.74.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

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Earnings History and Estimates for SVB Financial Group (NASDAQ:SIVB)

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